•Grade II* Listed Building•Approx. GIA floor area 45,000 ft.²•Guide price devalues to less than £20 ft.²•Approx. site area 4.45 acres•Renovation work to East Wing mostly completed•Five existing 1 & 2 bed apartments•Development opportunity (STP)•Suitable for a variety of uses (STP)•Located close to Pembrokeshire Coast National Park

Additional FeesBuyer's Premium - £2200 inc VAT payable on exchange of contracts.Administration Charge - £900 inc VAT payable on exchange of contracts.Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Substantial Former Public House – Residential Development Opportunity (STP) – Approx. 3,930 Sq.Ft of Accommodation

*THIS PROPERTY IS STILL AVAILABLE - PLEASE REFER TO THE AUCTIONEER*

FeaturesLarge semi-detached premisesPotential to convert to mixed use or flatsAccommodation over three storeysFull conversion/renovation requiredApproximately 3,930 Sq.Ft (taken from EPC)Vacant possessionFreeholdClose to amenitiesGood residential location

LocationThis property is situated in an elevated position fronting Cardiff Road between the junctions of Chapel Street and Mount Hill Street. Located in Aberaman a small area on the outskirts of Aberdare Town centre, which lies 1.5 miles northwest of the property. Within Aberdare, there are a wide range of amenities including leisure facilities, supermarkets, retail outlets, schools and a college.Aberdare is within the Cynon Valley at the confluence of the River Dare and Cynon. Just four miles northeast is the large town of Merthyr Tydfil. The capital city of Cardiff is 21 miles south east and can be accessed directly off the A470.Sandwiched between the Brecon Beacons National Park and The Afan Forest Park the area attracts visitors all year round. Both Parks are well known for mountain biking and hiking or hillwalking trails for people keen to experience the outdoors and the scenic views on offer.

DescriptionA substantial former public house adjoining two storey terraced housing. Ideal for any investor looking for a property requiring total renovation or conversion (STP).The property offers spacious and versatile accommodation arranged over three floors, totalling approximately 3,930 Sq.Ft.Given the right programme of renovation/ conversion and subject to the necessary planning permissions, we estimate the property could provide space for six flats arranged over the ground, first and second floors.Alternatively the property could be renovated and re-instated as a public house/hotel.Externally the property enjoys a small garden to the rear, and further benefits from ample car parking to the front and side.

AccommodationTotal – 3,930 Sq. Ft (365 Sq. M)Approximate gross internal floor area taken from commercial EPC.Please note an inspection has not been undertaken.

ServicesWe understand the property to have mains electricity, water and drainage.

TenureFreehold

Investment AnalysisSubject to the necessary planning permissions we estimate the property could be converted into 4 x two bedroom flats and 2 x one bedroom flats.If converted into flats, the property has the potential to generate an income in the region of £25,200 – £32,400 per annum, providing a gross yield of between 13.62% and 17.51% based on the guide price, before taking into account purchase costs or conversion costs.

Council TaxThe property is rated in Council Tax Band A. Council Tax payable (2017/18) is approximately £1,070.

Rateable ValueThe property has a current rateable value of £4,400. We advise all interested parties to make their own enquiries.

LocationThe property is centrally located in the former mining village of Caerau, within one mile of the village of Cymmer on the edge of the Afan National Park.Just 9 miles south east is the large town of Port Talbot and 17 miles west of the larger city of Swansea. Here there is a wide range of amenities including hospitals, supermarkets, shopping centres, schools and colleges.The Afan Forest Park is a 48-square-mile forest park in South Wales. It is set in the Afan Valley and is well known for its mountain biking, hiking and hill walking trails therefore attracting a wide range of visitors keen to experience the outdoors.

OverviewThis two bedroom end terrace house of traditional construction offers light and comfortable accommodation arranged over two floors.The property is entered via a uPVC door into the open plan living/ dining room fronting George Street and benefits from duel aspect windows allowing natural light to flood through the property. The modern fitted kitchen is located at the rear with a door leading out to the garden grounds.To the first floor the property enjoys two spacious bedrooms and a family bathroom, having a three piece suite in white.Externally there is a small garden to the front with steps up to the entrance of the property. There is also a private garden to the rear and there is on street parking.

Investment analysisThe property is currently let for £80 per week (£4,160 pa), representing a gross annual yield of 10.53%.

AccommodationThe accommodation is approximately 70 Sq. M (753 Sq. Ft) – taken from the EPC.

ServicesWe understand the property to have mains gas, electricity, water and drainage.

Council TaxThe property is rated in Council Tax Band A. Council Tax payable (2017/18) is approximately £1,087.40.

TenureFreehold

Guide Price£39,500+

Buyer’s Premium2.4% (min. £3,000) inc. VAT

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